[PIF GLOBAL ASSET MANAGEMENT FORUM]
BUILDING BRIDGES: HOW SAUDI AND GLOBAL ASSET MANAGERS CAN SEIZE NEW OPPORTUNITIES

The panel discusses investment opportunities in Saudi Arabia and the broader MENA region, emphasizing the ongoing economic transformation driven by Vision 2030. Michael from Northern Trust Asset Management highlights the positive aspects of global markets, focusing on AI, tax cuts, and wealth effect, while expressing optimism about emerging markets, including China and the Middle East. Jeremy from Lazard Asset Management UK suggests listed infrastructure as an undiscovered asset class. Abdel Latif emphasizes the opportunities in tourism, mining, real estate, and capital markets within Saudi Arabia. Fadi from PIF notes the evolution of international asset managers' engagement in the region, advocating for a decentralized business model to capture the full potential. Khalid from Neuberger Berman discusses the regulatory improvements and the need for knowledge exchange between global and local managers. The panel agrees on the importance of collaboration and partnerships for a healthy savings industry, highlighting the need for local market knowledge and strong investment philosophies. The discussion also touches on liquidity and potential acquisitions in the region.